Every single investment idea . . . every desire to understand what is going to make this go up or go down is going to be overwhelmed by the most beautiful experience . . . which a man will never share, about a mode of connection between that mother and that baby. And I’ve just seen it happen over and over.
These are the supposedly shocking, condescending, sexists remarks he made during an off-the-record session at the University of Virginia’s McIntire School of Commerce.
Paul Tudor Jones, the hedge fund billionaire, told an audience of University of Virginia students, alumni and others that it is difficult for mothers to be successful traders because connecting with a child is a focus “killer.” As long as women continue having children, he said, the industry is likely to be dominated by men.
“As soon as that baby’s lips touched that girl’s bosom, forget it,” Jones said, motioning to his chest during an April symposium. He was talking about two women who worked with him at a stock brokerage in the late 1970s — two women who married, had children and, according to his account, no longer had the laser focus needed for the intense world of macro trading.
If you listen to the video, Jones also talks about how a man who is going through a divorce – particularly if there are children involved – does not make for the most focused broker.
His point seems to be that there is more to life than trading. It’s not insulting; it’s refreshingly realitistic. It does honor to women.
Jones said in a statement to The Post on Thursday that his “off the cuff remarks” were made “with regard to global macro traders,” who work in a small, intense field in which “emotional highs and lows are obstacles to success.” Jones has four children with his wife, Sonia Jones.
“As I’ve told my three daughters, all of whom I’ve at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind,” Jones said in the statement. “I believe that great success is possible in any field — from music to mathematics to macro trading.”